Published: 2026-11-04T01:10:01.000Z
Chart USD/JPY Update: Within reach of 159.00 level
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Consolidation at the 158.00 level has given way to break to extend bounce from the 157.00 low of last Friday to reach 158.77 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.50 | * | congestion | S1 | 158.00 | * | congestion | |
| R3 | 160.00 | ** | figure, congestion | S2 | 157.50/00 | ** | congestion | |
| R2 | 159.45 | * | Jan high | S3 | 156.07/00 | ** | 23 Oct low, congestion | |
| R1 | 159.00 | ** | congestion, 24 Sep high | S4 | 155.00 | ** | May low |
Asterisk denotes strength of level
01:00 GMT - Consolidation at the 158.00 level has given way to break to extend bounce from the 157.00 low of last Friday to reach 158.77 high. Break here will see room for extension to retest 159.00 resistance which is expected to cap. Clearance here, if seen, will open up room for retest of 159.45 January high and the 160.00 level. Meanwhile, support is raised to the 158.00 level. Would take break here to return focus to the downside for retest of support at the 157.50/157.00 congestion. Below the latter will return focus to the downside for retest of the 156.07/00 congestion.